Government Says Bill Designed to Fuel Competition and Pull The French Economy Out of Stagnation

PARIS—France outlined plans Wednesday for overhauling its economy, as it braces for a battle with the European Union over its budget.

France’s economy minister, Emmanuel Macron, presented an overview of the plans to President François Hollande and the cabinet at their weekly meeting. The wide-ranging bill, which won’t be presented to parliament until January, is designed to fuel competition and help pull the French economy out of stagnation, the government said.